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It’s like Elon Musk wants to get in the ring of Venmo and Zelle. Social media platform says it is associated with Visa, one of US credit card processors, to make x money, a Phorms to phers-to-peer.
The CEO of X’s CEO, Linda Yackcarino, announcing the digital payment tool on the X platform On Wednesdaywhich promotes some parts expected to debut later.
Yacarino says you can connect your debit cards for peer-to-peer payments, to transfer money to your bank account by x wallet via Visa Direct. Visa The announcement is changedConfirm that money users can be funded and transferred the money using their debit card with direct visa directly.
If musk got x (then known twitter) in 2022, he said he planned to make it a “All app“To offer a lot of services.
Here’s what news means for you.
Do you need a x account to use x money?
The moments you need a x account to use x money, similar to the need for an Apple account to access pi or apple cash.
Pushing for X Account Membership to access X Money also can also be part of an effort to attract multiple platform users.
The platform has Missing Millions of users Since the tech billionaire bought the social media platform, and more recently, because the musk was conformed by President Donald Trump. The former Twitter user turns on other social media platforms such as threads and bluesky in meta, obtained 27 million users Since November elections.
Read more: How To Get Your X (Twitter) Account
What is the benefit of using x money?
We need to see which parts are available when x money is available. X money can be more convenient for platform creators to receive fees from the app.
However, other details are not yet clear, including how your banking data is configured or any fee for transfer money to your bank account. Some peer-to-peed apps also charge other fees, such as easy transfer and retreat charge.
Can you move crypto with x money?
Musk is a proponent of DogecoinBut Crypto is not mentioned available in x money at this time.
Crypto transactions can be blinded to x money and visa transactions, but have a chance to have a chance, depending on the plans of X.
When will X money be available?
Even if Yaccarino announced the visa is the first partner of digital wally Wally in cash, we do not need to expect an official launch for a moment. It is not clear if it works in phases or international use.
There is no visa ox immediately responded to a request for commentary.